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| NOVEMBER 9, 2007 |
Shipping News
- Hyundai Heavy's profit more than doubles in Q3
Hyundai Heavy Industries Co, the world's biggest shipbuilder, said yesterday its third-quarter net profit more than doubled amid strong performance by affiliates and higher vessel prices.
Logistics
- UPS to introduce paperless shipping, easy package returns
UNITED Parcel Services (UPS) has announced two new services that the world's largest package delivery company said would dramatically change the future of global shipping.
Admiralty Casebook
- Bulk carrier held liable for hitting barge
THE English High Court has found the bulk carrier MV Ariela fully liable for hitting a barge at the entrance channel of the port of Mormugoa (Goa) in India and causing extensive damage to the barge and a dredger alongside it.
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| NOVEMBER 9, 2007 |
- New Maersk CEO: Box trade not growing enough, not profitable enough
- Cosco Pacific obtains 20pc in major Egyptian container terminal
- Maanshan port throughput to reach 81 million tons by 2020
- AMB Property builds logistics facility in Ningbo
- 8,750-TEU ship naming sparks Hapag-Lloyd hopes for growth
- ICTSI unit takes over Georgia's Black Sea Batumi CT
- Schenker picks single locations for Chengdu, Nanjing offices
- Cathay orders US$5 billion in Boeing long-haul 747s and 777-300ERs
- Sinotrans and Guangzhou Baiyun Airport sign transshipment deal
- SIA Cargo launches e-freight initiative with London and Amsterdam
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| NOVEMBER 9, 2007 |
- Sanchez named new Ryder System CFO
- Port of Amsterdam building wind farm at Afrikahaven
- ANA posts record sales and profit performance
- Thiel Logistik profits down
- Merger of Czech and Slovak railfreight operators mooted
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| NOVEMBER 8, 2007 |
- Ship emissions "kill 60,000 a year"
- Boxship hits SF bridge
- Siba Ships sets new livestock record
- Bourbon's revenues up
- Intertanko's "near real-time" terminal info
- New bridge procedures guide
- Admiral of the Ocean Sea Awards
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| NOVEMBER 8, 2007 |
- Congress overrides Bush veto of WRDA
- Guilty pleas in marine hose price fixing case
- SMIT goes on newbuilding spree
- Eastern Echo Board says Schlumberger offer too low
- Bunker spill after box ship hits Bay Bridge
- Bourbon reports soaring revenues
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| NOVEMBER 8, 2007 |
- Johnson, Petrich elected to Tacoma Port Commission
- Navy vessel unloads cargo at Port of Olympia terminal
- NYK receives new ship built to carry iron ore
- Corps set to dredge mouth of Cowlitz River
- Corps closing Chitttenden Locks for annual maintenance program
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| NOVEMBER 8, 2007 |
- Boxship bashes San Francisco bay bridge
FUEL leak reported after bow of Cosco Busan hits bridge in foggy conditions.
- BHP Billiton pushes ahead with Rio Tinto bid
AUSTRALIAN miner vows to press ahead with takeover bid despite initial rejection by Rio Tinto.
- Lines and shippers lock horns over new surchage
CLASH over consultation on new levy will ruin efforts to reduce delays at UK's container ports.
- CLASS ACTION
BUREAU Veritas' move to list marks a first for a classification society, but will other classes follow suit?
- Elastic standards
OVERHEIGHT, overlength or non-standard containers cause trouble in terminals and on ships.
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| NOVEMBER 8, 2007 |
- Chinese LNG 'spy' arrested in Korea
The Changwon prosecutor in South Korea has arrested a Mr Wang, a Chinese site manager at a Busan-based shipbuilder
- Eagle eyes more upside
EAGLE Bulk Shipping's net income jumped 70% and the company predicts more upside ahead from profit-sharing agreements
- Congress rebuffs Bush, OKs dredging
BADLY needed dredging and port work US-wide was assured today when the Senate followed the House in over-riding Bush's veto of the Water Resources Development Act
- German language waiver for masters
THE German transport ministry has accepted owners' proposal for a temporary waiver on German-language requirements for masters on German-flagged vessels
- Gas Natural to invest $4bn in LNG
SPAIN'S largest gas utility Gas Natural will invest €2.64bn in mid stream and upstream LNG market between 2008 and 2012
- Top Tankers dries out
TOP Tankers has seen quarterly losses widen and has confirmed plans for a name change to 'Top Ships' to reflect its drybulk diversification
- Study warns on ship emission deaths
- Skuld stands firm on solvency
- Equipment? Buy your own, says Aker
- St Kitts solicits Russian tonnage
- Sky-high profits for HHI
- New corruption case rocks FMA
- Safety: Canada cuts out courts
- NCL seals Bermuda contract
- Cruise ship grounds to prevent sinking
- Transneft cuts tanker loadings again
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| NOVEMBER 8, 2007 |
- Hapag-Lloyd climbs back into black
Jump in cargo volumes, rising rates help German carrier reverse third-quarter loss.
- Senate overrides WRDA veto
- Storm shuts Port of Rotterdam
- House approves Peru free-trade pact
- Customs seizes counterfeit footwear, jackets
- Audit finds TSA accounting problems
- Canada, Brazil challenge U.S. farm subsidies
- Hutchison to build deep-water port in Pakistan
- Ports fear gridlock as German rail workers strike
- Deutsche Post lowers expectations for DHL
- Coast Guard schedules meeting on TWIC readers
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| NOVEMBER 8, 2007 |
- HPH strengthens its position in Pakistan
- US import safety recommendations supported by Bush
- Details of southern Californian clean truck programme revealed
- Rotterdam flood barrier closure likely
- TSI aims to reduce toxic emissions
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| NOVEMBER 8, 2007 |
- Pessimists prevail
A quarter way through TradeWinds' freight rate forecasting contest the minority of capesize Cassandras are firmly in the lead.
- A tale of two markets
As TradeWinds Greek summit opens Evangelos Pistiolis is looking for improved tanker rates but Akis Tsirigakis is upbeat about the dry outlook.
- US cruiseship grounds
Authorities remove passengers from the small Spirit of Nantucket after it runs aground in a Virginia waterway.
- Asimar inks order
Thai shipbuilder wins offshore newbuilding deal from UAE's Al Mansoori Production Services.
- Smit splashes out
Rotterdam-based group adds 11 units to continue its 120-ship newbuilding programme.
- A drop for Top
US-listed Top Tankers experiences another tough third quarter as losses surge by 61.3%.
- Zoullas dismisses conversion 'hype'
Eagle Bulk chief claims converting VLCCs to carry dry cargo will create a lot of difficulties but will only impact 5% on capesize market.
- Eimskip wins more Alcoa business
Icelandic owner to carry another 260,000 tonnes of cargo annually for domestic aluminium producer.
- TMM fires back
In a letter to a Mexican newspaper, tanker owner blasts paper's claims of Pemex favouritism.
- Decision time for Navibulgar
Bulgarian government has to decide whether to let Martrade-led group take control of national owner as sole bidder in privatisation.
- Iran looks to South America
Commerce minister Mas'ud Mirkazemi strikes deal to set up shipping company with Latin American nations.
- Double boost for Algoma
Canadian owner making money at home and in the open ocean.
- Ofer's magic pipe
Zim containership caught in US, while a quartet of car carriers, including a Hoegh brace, is detained for other offences.
- Daiichi doesn't disappoint
Japanese bulker owner posts inevitable first-half profit rise in record dry sector.
- Boxship bashes bridge
Hanjin vessel damaged after hitting Bay Bridge in San Francisco, spilling thousands of gallons of fuel.
- Garware barges into barges
Indian owner lines up order in China to boost its oil and gas support fleet.
- Sovcomflot energized
Russian owner sees profits buoyed by fleet growth and tie-ups with energy companies.
- Hyundai hits new high
South Korean shipbuilder banks healthy returns after smashing last year's order record.
- Twin assault from Bourbon
French owner banking piles of cash thanks to bulker and offshore vessel fleets.
- TUI hails CP integration
German group's nine-month profit turns around 2006 losses as boxship acquisition increases its "efficiency."
- Mipo motors on
South Korean yard sees income climb 48.5% due to more orders at higher prices.
- Sixth for TBS
US-listed owner snaps up 1980s tweendecker to bring fleet to 40 ships, having bought five other vessels in third quarter.
- Naikai on the rise
Japanese shipyard improves first-half return on back of higher revenues.
- Eagle Bulk soars
High freight rates push Nasdaq-listed owner's profits up 70%.
- Iino behind for now
Japanese tanker and gas carrier owner sees first-half profit drop, but forecasts a full-year recovery.
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| NOVEMBER 8, 2007 |
- Hapag-Lloyd starts recovery
- Containership hits Bay Bridge, spills oil
- Study: Ship pollution causes 60,000 premature deaths
- Euroseas prices stock offering
- FSL Trust adds two oil tankers to leased fleet
- Japan Bank to finance loans for two bulk ships
- South Korean sailor freed in Somali hijacking
- SeaFreight adds Panama and Haiti calls
- Canada airports encouraged by Singapore agreement, hope for open skies
- Cathay Pacific places major order for freighters
- U.S./Mexico cross-border program to track trucks with GPS
- U.S, EU target 2009 for mutual recognition
- Deutsche Post posts net profit decline
- Pacer International president Shurstad steps down
- Benetton Taiwan chooses Kuehne + Nagel for comprehensive services
- L.A. firm charged with shipping salmonella-tainted seeds
- Norfolk company starts all-water LCL service from Hong Kong
- Hutchison building Pakistan's first deepwater container terminal
- North Carolina seeing strong container growth
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| NOVEMBER 8, 2007 |
- Yet another oil terminal to Primorsk
Petrotrans-Primorsk will according to Seanews.ru build an oil terminal, with a capacity of 12 million tons per year, in the port of Primorsk. The company have signed a contract reaching over 49 years on the lease of 104 hectares ...
- Saaremaa wants a ferry line to Stockholm
The county administrative board of Saaremaa in Estonia, is to start negotiations with shipping companies to run a service between Saaremaa (Ösel) and Stockholm, according to news agency BNS. According to representatives from municipalities of Saaremaa, a line could be ...
- Stella Lines cooperating with UPM
Stella Lines Oy Ltd is doubling its present freight capacity due to a new cooperation with UPM. As from the beginning of 2008 there will be weekly sailings between Kotka, Rauma and Gdynia as well as up to four ro ...
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| NOVEMBER 8, 2007 |
- Carnival adds 'fuel supplement'
Additional passenger charge implemented in face of rising fuel costs.
- Middle East tanker operators under pressure
Bunker prices climb while rates remain flat. Top Tankers reports Q3 losses.
- Bunker spill sends fumes into city
Container ship clips bridge in San Francisco Bay, spilling some 220 tonnes of fuel.
- Rotterdam bunker numbers still near $500
- Blending system upgrade
Jiskoot says new blend controller is ideal for bunker operations.
- Japanese spot market runs dry
Contract customers use up bunker product as refiner cuts fuel oil deliveries.
- Chinese shipowners to pay for oil spills
China revises rules applying to major Chinese shipowners and operators.
- Ship emissions 'are harming' the oceans
Airborne pollutants from ships' exhaust gases are triggering rainfall over shipping lanes, a scientist warns.
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